Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-24-Speech-3-246"
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"en.20030924.6.3-246"2
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"Madam President, Commissioner, we have indeed all lost out as a result of the failure at Cancún. Paradoxically, the least-developed countries are set to suffer most, when they should have been the main beneficiaries of the Development Round. Economic growth at global level has also been negatively affected. This is not only because a reduction of duties and the elimination of other barriers to trade benefits economic growth by making trade exchanges easier. It is also because success at Cancún would have sent out a very positive signal, one that would have helped revitalise the global economy. There is also likely to be a negative impact on the multilateral trading system.
I am convinced there is no need to deviate from the course followed to date. Nonetheless, it is imperative to overcome the stalemate the Development Round finds itself in following Cancún. Work on the basis of the agreements previously reached must resume at the earliest opportunity. As has already been stated, it is essential to undertake an in-depth study of the working procedures of the WTO and its organisational structure. The reasons for the failure at Cancún must be investigated too.
Commissioner, I venture to suggest a further area for consideration by you, namely the need to reformulate the development of the potential of the least-developed countries. By this I mean more than the need to increase the budget allocation for the purpose, though that is certainly required also. What I have in mind is the need to establish how best to help weaker countries to improve their negotiating capacity, and how best to empower them to take decisions for themselves, and to do so in full awareness of the facts. This would also ensure they were not taken advantage of. Regrettably, this does seem to have been the case in the past.
Madam President, I believe the outcome of this consideration and the ensuing decisions will determine whether Doha will indeed prove a turning point, even though the next stage of the journey will be longer than anticipated. It will also determine the future of the multilateral trading system."@en1
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